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The MIT Weekly ~ 22 April 2023
 
 
The MIT Weekly

Tax News & Updates

 
 

Deduction for the cost of goods acquired for resale

The Office of the CfR has issued a guidance note clarifying the application of the principle that a trader may claim a deduction of the costs of stock...

 

CfR publishes overview of Budget amendments to ITA & ITMA

Further to the publication of Act XII of 2023, the Office of the CfR has released an overview of the measures...

CFE Tax Top 5

This week’s edition of the CFE Tax Top 5 looks at the following:

  • EU Commission Adopts Regulation on Tax Transparency...
 
 

Overview of recent legislative updates

The Office of the CfR has published an overview of the recent changes introduced with the following legal notices...

 

Increase to deduction for sports & cultural activities

The Budget Measures Implementation Act 2023 has amended the Income Tax Act, increasing, as of YOA 2024...

 

Reduction in tax on Royalty Income

Further to an amendment to article 31F of the Income Tax Act (CAP 123) introduced with the Budget Measures...

Assignment of Rights under a konvenju rules revised

LN 99 of 2023 has revised Rule 12 of the Assignments of Rights Acquired under a Promise of Sale Agreement Rules...

 
 

Introducing the TRA Series

TRA  

The TRA Series 2023 is a series of 4 webinars, each of which will focus on the completion of select Tax Return Attachments. 

Practical case studies on the topics covered will be discussed, with a particular focus on the completion of the relevant schedules in the Malta income tax return for companies.


  1. Session 1: 10 May 2023 (14.00 – 16.00) – Some incentive schemes administered by Malta Enterprise and the reporting requirements
  2. Session 2: 19 June 2023  (14.00 – 16.00) – Deductions and Exemptions
  3. Session 3: 27 July 2023  (14.00 – 16.00) – Allowances, capital gains and losses
  4. Session 4: 30 August 2023  (14.00 – 16.00) – International / cross border ATAD, ATAD II, DAC

Book any one or more sessions. 

 
 
 
 
 

What's on at MIT in May?

 
 

Applying the Consolidated Tax Rules...4 years on

Date: 3 May 2023
Time: 14.00 - 16.00
Speakers: Steve Gingell & Jana Farrugia
ONLINE

 

TRA Series 1: Reporting of Investment Aid Schemes

Date: 10 May 2023
Time: 14.00 - 16.00
Speakers: Maria Demanuele
ONLINE

Tax Compliance Series:
Completing a VAT Return

Date: 22 May 2023
Time: 17.00 - 20.00
Speakers: Brandon Gatt
Venue: St Aloysius College

 
Event calendar